British home sales hit record after lockdown

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Britons have bought and sold a record number of homes between mid July and early August as pent-up demand from the coronavirus lockdown and a desire to leave London bucked the usual summer slowdown, according to industry data.

The most recent figures from the Bank of England - which cover June, before July’s announcement of a tax break on moving home - showed a sharp rebound in demand for mortgages, but fewer loans were approved than before the pandemic.

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